Energem Corp. secures $200M standby equity purchase agreement with Yorkville Advisors

GRAPHJET TECHNOLOGY

Energem, Graphjet, and Yorkville sign SEPA for up to $200M in ordinary shares after business combination closes.
Shares sold at 96% or 97% of VWAP; 200,000 commitment shares issued to Investor.
SEPA term: 36 months from closing; subject to registration statement and 9.99% beneficial ownership cap.
Energem deposits ~$85k to trust for third monthly extension, extending deadline to August 18, 2023.
Business combination with Graphjet (graphene producer) still pending SEC and shareholder approval.

item 1.01 item 3.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GRAPHJET TECHNOLOGY entered into Standby Equity Purchase Agreement with YA II PN, Ltd. valued at up to $200 million in aggregate gross purchase price (effective 2023-01-12).

Action: entry
Agreement: equity purchase
Counterparty: YA II PN, Ltd.
Value: up to $200 million in aggregate gross purchase price
Effective: 2023-01-12

Exact text from the filing

Energem, Graphjet and YA II PN, Ltd., a Cayman Islands exempt limited partnership managed by Yorkville Advisors Global, LP (the “ Investor ”) entered into a Standby Equity Purchase Agreement (the “ SEPA ”).

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GRAPHJET TECHNOLOGY filing history →

Source: SEC EDGAR

accession 0001493152-23-001533

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